News Canada Taxes: Canada Will Impose a New Tax on Private Jets, Yachts and Luxury Cars
The Canadian government unveiled its 2022 tax budget last month, which included a new luxury levy for any organization buying high-cost vehicles. This week, the Canadian government released more ...
News Canada Taxes: Canada-made EVs to qualify for tax credits in U.S., after all
A new piece of U.S. legislation includes incentives for buying electric vehicles, including a $4,000 tax credit for the purchase of used electric vehicles and $7,500 for new EVs. Under a previous proposal, the tax credits would only apply to vehicles assembled in the United States. They now apply to vehicles made in North America.
News Canada Taxes: Jack Mintz: We’ve got windfall taxes already. Main Street pays them
With inflation sky-high, governments are feeling the heat from voters looking for relief. Governments already have relief, with torrents of new taxes flowing in because of inflation. Even so, politicians are proposing new “windfall profit” taxes to finance various handouts to household and businesses. In March even the OECD secretary-general proposed that windfall taxes on European utilities would cushion the impact of higher energy prices. Lo...
News Canada Taxes: Canada could lower taxes and remain fiscally viable, says PBO
Report from the parliamentary budget officer also finds that Canada’s debt level is sustainable over the long term ...
News Canada Taxes: Liberty Tax 2022 Brand Campaign Addresses “Taxiety” Head On
Liberty Tax, one of North America’s leading tax preparation companies, is further differentiating the brand in the financial industry with its new 2022 marketing campaign, “Taxiety.” Informed by ...
News Canada Taxes: How Does a Tax Refund Work in Canada?
A tax refund is issued by the Canada Revenue Agency if you overpay your taxes throughout the course of a year.
News Canada Taxes: Could a new tax on homes worth $1M and up help fix Canada's housing crisis?
With home prices in Canada's most expensive markets going up at a dizzying pace, a Vancouver-based think-tank is proposing a new tax on homes valued at over $1 million to help bridge the affordability ...
